Transfer on Death Deed

Probate is the formal legal process that recognizes a will and appoints the executor or personal representative responsible for administering the estate and distributing assets to the intended beneficiaries. However, it is important to note that the probate process is nota fast process and can involve significant time and expenses.

Fortunately, there are many legal tools to help you avoid the probate process so that your property can pass to your loved ones more quickly. A Transfer on Death Deed is an estate planning tool that allows you to avoid real property from being subject to the probate process. When you pass away, the Transfer on Death Deed facilitates the transfer of the described real property, subject to any liens, mortgages, or other encumbrances on the property, at your death. Probate will not be required.

Moreover, the Transfer on Death Deed has no effect until your passing, giving you the flexibility to revoke it at any time or transfer the property to someone else during your lifetime. Importantly, if you do not own any real property at the time of your death, the Transfer on Death Deed will have no effect. This strategic estate planning tool can save your loved ones from the complexities of the probate process and expedite the transfer of real property according to your wishes.